Auto loan delinquency is rising in these 10 U.S. states
WalletHub analyzed quarter-over-quarter data to identify where auto loan delinquencies are increasing the fastest. The findings reflect the shifting financial landscape for borrowers across the country.
Delaware ranks first for rising auto loan delinquency
In Q4 2024, auto loan delinquency in Delaware rose by 8.77%. With 21.11% of borrowers behind on payments, the state now has one of the highest delinquency rates in the nation.
Kansas sees second-largest increase in delinquency
Kansas experienced a 7.89% increase in auto loan delinquency from Q3 to Q4 2024. Despite the rise, the state maintains one of the lowest average auto loan debts in the country.
Delinquency increases in New Hampshire despite low totals
Auto loan delinquencies in New Hampshire climbed 7.41% between Q3 and Q4 2024. The overall delinquency rate remains relatively low at 14.47%.
Montana records a sharp uptick in missed auto payments
Montana saw a 7.36% rise in auto loan delinquencies in Q4 2024. The overall delinquency rate reached 14.69%, putting borrowers under greater financial pressure.
Oklahoma borrowers increasingly miss auto payments
Auto loan delinquency rose 7.21% in Oklahoma. At 15.82%, the state’s delinquency rate is above the national average and continues to rise.
Colorado ranks sixth for growing auto loan issues
Delinquency rates in Colorado increased 6.92% quarter-over-quarter. The state’s overall delinquency rate now stands at 14.78%.
Washington experiences a steady increase in delinquencies
Auto loan delinquency in Washington rose by 6.86% in Q4 2024. Around 13.22% of auto loan holders are now behind on their payments.
Alabama shows a notable rise in auto delinquencies
Delinquencies increased by 6.82% in Alabama. With 21.52% of borrowers behind, the state has one of the highest overall rates in the country.
Massachusetts sees growing auto loan pressure
Auto loan delinquency rose by 6.75% in Q4 2024 in Massachusetts. The current rate of borrowers behind on payments is 14.73%.
Arizona rounds out the top ten for rising delinquencies
Arizona’s auto loan delinquencies grew 6.46% in Q4 2024. With 16.52% of loans behind, the state faces continued financial stress among borrowers.
